Originally posted by Blitzz
Dear Mr Pinto and Mr Gray
The following are some questions that I would like to submit to you on the behalf of your suffering shareholders who seem to be too psychologically affected or dumbstruck at the companies fall from mid teens to sub 1c in just over 6 months.
Please answer in detail so as to prevent any misunderstandings or confusion as to what you meant.
1. Is Mr Pinto receiving any payment in any way from the company?
2. What exactly is the 500k each quarter for administration costs and who is receiving it?
3. How did the company produce 110oz of gold at the end of July over 2 days yet only 300 odd oz for the entire quarter?
4. Why did the company buy the remaining 30% of cascavel when it was clearly underperforming?
5. What is the current top20 list?
6. Have the company sourced a ball mill and flash flotation cell? (Its been rumoured for months that they have been looking)
7. When can shareholders expect a ball mill to be installed and operational?
8. How has cartesian managed to make up 50% of the board?
9. Why was no metallurgist employed and on site prior to hiring rob riggir?
10. At what price is the recent directors loan in the form of convertible notes, converted into shares at? 12c, 10c, 1c? what is it??
11.Was Jeremy gray, as managing director and representative of cartesian, acting in the best interest of shareholders since his arrival on the board?
12. Why are the directors not buying shares on market to install confidence?
13. How low will the company go before management decide that resigning would be in the best interests of shareholders?
14. What was the results of the Elisio "swimming pool" samples?
15. Why did negotiations with Anglo cease and who's idea was this?
TIA
and for shareholders, feel free to add any questions, email them to the board or ask them at this weeks meeting.
16. Why were only 2 more 400kg mills purchased & was this because there just isn't enough ore being extracted to keep up?
17. Please clarify this statement-
18. Has a 3rd party with CIL treatment been found? How much profit is expected e.g. 3rd party 200 kms away.
19. Have breakdowns delayed production so far this quarter
20. Why aren't Orinoco putting plan b's & c's in place to reduce risk?
21. Are production updates Monthly, Quarterly or what???
22. In what month or quarter are they aiming for cash-flow positive
23. Why not purchase multiple (e.g.10-20) 400 kg mills while waiting for ball mill etc?
